Cross Ocean Bosphorus CLO VII DAC (2nd Refinance): 20 October 2025

The assets securing the Notes will consist primarily of a portfolio of Senior Secured Loans and Senior Secured Bonds in respect of which Cross Ocean Adviser LLP will act as the investment manager.

On 26 October 2022 (the Original Issue Date) Cross Ocean Bosphorus CLO VII (formerly Bosphorus CLO VII) issued Class A Secured Floating Rate Notes due 2034, Class B Secured Floating Rate Notes due 2034, Class C Secured Deferrable Floating Rate Notes due 2034, Class D Secured Deferrable Floating Rate Notes due 2034, Class E Secured Deferrable Floating Rate Notes due 2034, Class F Secured Deferrable Floating Rate Notes due 2034 and Subordinated Notes due 2034.

On 17 October 2023 (the 2023 Refinancing Date) the Issuer refinanced the 2022 Rated Notes by issuing Class A-R Secured Floating Rate Notes due 2036, Class B-R Secured Floating Rate Notes due 2036, Class C-R Secured Deferrable Floating Rate Notes due 2036, Class D-R Secured Deferrable Floating Rate Notes due 2036, Class E-R Secured Deferrable Floating Rate Notes due 2036 and Class F-R Secured Deferrable Floating Rate Notes due 2036. Additionally, the terms of the Existing Subordinated Notes were amended.

On or about 17 October 2025 (the Re-issue Date) the Issuer will, subject to certain conditions, redeem and refinance the Notes by issuing Class X Secured Floating Rate Notes due 2038, Class A-R-R Secured Floating Rate Notes due 2038, Class B-R-R Secured Floating Rate Notes due 2038, Class C-R-R Secured Deferrable Floating Rate Notes due 2038, Class D-R-R Secured Deferrable Floating Rate Notes due 2038, Class E-R-R Secured Deferrable Floating Rate Notes due 2038 and Class F-R-R Secured Deferrable Floating Rate Notes due 2038.

The Existing Subordinated Notes were issued on the Original Issue Date with a principal amount outstanding of €37,500,000 and are not being offered pursuant to this Offering.